Economic Development Corporation of Utah
OVERVIEW Economic Development Corporation of Utah (EDCUtah) is an investor-based public/private partnership working with government and private industry to serve as a catalyst for quality job growth and increased capital investment. EDCUtah assists in-state companies to grow and recruits out-of-state companies to expand and relocate in Utah. EDCUtah accomplishes its mission by being the comprehensive source for economic data, key public and private contacts, and help through the expansion or relocation process. The Governor’s Office of Economic Development (GOED) has partnered with EDCUtah to handle the state’s business recruitment efforts. This strong partnership has provided great success in recruiting businesses to Utah, and links state government with local government and the private sector in a unified approach to business recruitment. Businesses that visit Utah report that they are impressed with the level of collaboration they experience as they work with the state and local economic development organizations. Even in a Down Economy, Companies Are Still Choosing Utah During the 2009-2010 fiscal year, 18 companies have chosen to relocate or expand to Utah. Edwards Lifesciences, O’Reilly Auto Parts, Merit Medical Systems, and Goldman Sachs are prime examples of the quality of such companies. Edwards Lifesciences, the global leader in the science of heart valves and hemodynamic monitoring chose to relocate its operations to Draper adding more than 1,000 jobs and retaining 228 jobs. The jobs are expected to exceed 125% of the county annual median wage. O’Reilly Auto Parts, one of the largest specialty retailers of automotive aftermar- Edwards Lifesciences new facility. ket parts, tools, supplies, equipment and accessories in the U.S., has chosen to establish a 200,000-square-foot distribution center in Salt Lake City. The company will hire 450 employees. Merit Medical Systems, Inc., a leading manufacturer of medical devices used in diagnostic and interventional cardiology and radiology procedures, will expand its facilities and hire an additional 392 employees.
G o v e r n o r ’s O ff i c e o f E c o n o m i c D e v e l o p m e n t • A n n u a l R e p o r t 2 0 1 0 • w w w. b u s i n e s s . u t a h . g o v
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